Assistant Manager, Business Operational Risk Jobs at Standard Chartered Bank in Colombo, Western Province

Published 10 months ago

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Standard Chartered Bank company opens jobs for Assistant Manager, Business Operational Risk positions in the Western Province region. The type of work we provide is Full-time.

The criteria for the employees we need are having Finance and Sales skills with Mid-Senior level experience, as well as employees who are honest, disciplined and responsible.

The estimated salary offered by this company is quite competitive around රු. 10,000 - රු. 40,000 (per month). However, the salary can go up or down depending on the company that decides it.

The Headhunters company itself is engaged in Banking, of course if you are interested in applying for this company, you can register immediately.

Job Information

Company:Standard Chartered Bank
Position:Assistant Manager, Business Operational Risk
Region:Western Province, Colombo - Western Province
Job Function:Finance and Sales
Seniority Level:Mid-Senior level
Employment Type:Full-time
Industry:Banking and Financial Services

Job Description

The Role Responsibilities

The Job holder represents risk management of CPBB Products & Segment, Retail Analytics, Operations and Wealth Management as a first line of defence, implements the Standard Chartered Operational Risk Framework (ORF), and supports the Group’s Operational Risk policy and associated operational risk procedures to ensure that front office operational risks are effectively managed at the business unit level. The job holder is to focus specifically controls, governance and risk supervision.

Strategy

  • Responsible for understanding the Group’s business strategy and its implications for the operational risk management role.

Business

  • Responsible for maintaining an awareness of the wider business, economic and market environment in which the Group operates.
  • Continuously evaluate and identify operational risk implications of business strategies and programmes, and provide guidance on any operational risk remediation with support from respective Risk Owners.

Processes

  • Responsible for adherence to specified BAU operational risk deadlines
  • Responsible for being key escalation contact for the business for all front office operational risk related incidents and queries that arise, and being a business subject matter expert on and good conduct for the Retail Products & Segment, Retail Analytics and Wealth Management processes in this market
  • Accountable for ensuring Risk Acceptance requests are completed by process owners for material risks and control failures identified. Accountable for the provision of these templates to second line operational risk team for review and approval prior to submission to relevant governance forums / committees
  • Responsible for the implementation of the Control Sample Testing (CST) process, sampling and testing the population of controls to ensure compliance with agreed control standards, including facilitating the monitoring / collection of any Key Control Indicators (KCIs)
  • Responsible for ensuring quality of information recorded in the risk tracking system, as well as ensuring accuracy, completeness of data, driving the timely resolution of outstanding actions
  • Responsible for supporting the business in minimizing operational risks and losses, and ensuring material operational losses are investigated to prevent recurrence
  • Identify non-standard processes within the business, and ensure appropriate control mechanisms are implemented and monitored for effectiveness
  • Responsible for coordinating internal and external audit reviews relating to the area of business – liaising with stakeholders to ensure timely / accurate information is provided.

People & Talent

  • Responsible for driving appropriate culture and values within the business team. Setting appropriate tone and expectations for the team, working in collaboration with risk and control partners across all functions to effectively embed a strong culture of risk awareness and good conduct for the Retail Products & Segment, Retail Analytics and Wealth Management Business

Risk Management

  • With the guidance and support from Risk Owner and Process Owner, continuously identify and evaluate operational risks arising for new products and new business, regulatory and thematic risks, and drive the implementation of appropriate controls to mitigate these risks in country
  • Accountable for the development of control enhancements to ensure any known risks are controlled within acceptable boundaries and consistent standards
  • Responsible for mentoring and good conduct for the Retail Products & Segment, Retail Analytics and Wealth Management staff across all segments on business controls
  • Responsible for ensuring compliance with policies applicable to and good conduct for the Retail Products & Segment, Retail Analytics and Wealth Management which impact operational risk. Challenge processes, procedures, and policy if there is opportunity for improvement
  • Responsible for speaking out on emerging risks
  • Responsible for identifying knowledge gaps, facilitate development of training on Operational Risk for the business
  • Participate in periodic peer reviews, subject to business need, to ensure consistency of risk management approach and support the business in embedding best practices

Governance

  • Responsible for the effectiveness of CPBB Non-Financial Risk Forum.
  • Responsible for ensuring adequate governance and oversight over operational risk, through the escalation and appropriate resolution of relevant risk exposures to the Country Risk Committee (CRC) and other forums as required
  • Responsible for escalation of issues, blockages, challenges and trends to the regional lead, COO and business head when required.

Regulatory & Business Conduct

  • Display exemplary conduct and live by the Group’s Values and Code of Conduct.
  • Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
  • Lead the Sri Lanka CPBB business to achieve the outcomes set out in the Bank’s Conduct Principles: Fair Outcomes for Clients; Effective Financial Markets; Financial Crime Compliance; The Right Environment.
  • Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
  • CBSL prescribed responsibilities.

Key stakeholders

  • CPBB Head in country
  • Heads of CPBB business units
  • Senior Operational Risk Officer(s) (SORO)
  • P&P Head / Business Manager
  • Internal Audit
  • Head of BRM
  • Business & Country Compliance teams
  • Operations (GBS / GTO)

Other Responsibilities

  • Here for good and Group’s brand and values in first line operational risk management of CPBB Business.
  • Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures for CPBB business

Our Ideal Candidate

  • Solid knowledge of CPBB Banking products and operations of branch and other distribution channels
  • Relevant business experience in operations, business analysis or project management
  • Clear understanding of the Bank’s Operational Risk Framework or equivalent experience gained in other organisations
  • Demonstrated history of applying sound judgement with critical thinking skills and courage necessary to perform a control role and maintain effective working relationships
  • Strong analytical skills, detail-focused with the ability to interpret large volume of information
  • Problem solving skills with ability to influence across all levels of business
  • Ability to independently drive initiatives with minimum hands-on supervision

Role Specific Technical Competencies

  • Knowledge on Data analytics and use of a tool(Power BI etc.)
  • Knowledge on Core banking systems
  • Knowledge on Risk management tools

About Standard Chartered

We’re an international bank, nimble enough to act, big enough for impact. For more than 160 years, we’ve worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. If you’re looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents. And we can’t wait to see the talents you can bring us.

Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. When you work with us, you’ll see how we value difference and advocate inclusion. Together we:

  • Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
  • Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well
  • Be better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term

In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.

  • Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations
  • Time-off including annual, parental/maternity (20 weeks), sabbatical (12 weeks maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum
  • Flexible working options based around home and office locations, with flexible working patterns
  • Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
  • A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning
  • Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies – everyone feels respected and can realise their full potential.

Recruitment assessments – some of our roles use assessments to help us understand how suitable you are for the role you’ve applied to. If you are invited to take an assessment, this is great news. It means your application has progressed to an important stage of our recruitment process.

Visit our careers website ww.sc.com/careers

Job: Operations
Primary Location: Asia-Sri Lanka-Colombo
Schedule: Full-time
Employee Status: Permanent
Posting Date: 06/Aug/2023, 9:35:45 PM
Unposting Date: 21/Aug/2023, 3:59:00 AM

Benefit

  • gain experience
  • taught first
  • Get bonus if overtime

Job Application Information

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Company Information

Standard Chartered Bank

Standard Chartered Bank is a London-headquartered international banking and financial services company. With more than 1,200 branches and outlets across more than 70 countries, Standard Chartered Bank has become one of the world’s leading banks. The Bank specializes in retail banking services, institutional banking, Islamic banking, and electronic finance services, as well as providing corporate, commercial, and consumer banking services.

Standard Chartered Bank has a long history, tracing its roots back to the mid-19th century. The bank blends conventional banking and innovative financial solutions to serve corporate, institutional, and retail customers around the world. By doing this, the Bank has managed to build a reputation for trustworthiness, innovation, and superior customer service.

Standard Chartered Bank prides itself on its commitment to corporate social responsibility and sustainable banking practices. The bank has a number of initiatives aimed at improving financial access and addressing global poverty, such as its award-winning Microfinance program. The Bank also maintains a strong commitment to environmental conservation, and is a signatory of the UN Global Compact, a set of principles and best practices on corporate sustainability and responsibility.

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